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RESCON Pleased That Measures To Spur New Housing Reiterated In Throne Speech - Wood Business

Summary by Wood Business
The Residential Construction Council of Ontario (RESCON) is pleased that the throne speech delivered today by King Charles III reiterated the government’s commitment to building more housing and cutting the GST on new homes at or under $1 million for first-time buyers as well as pledging to reduce it on homes between $1 and $1.5 million. “The tax burden on new housing is one of the critical factors that are stymieing new construction and driving…

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The Hamilton Spectator broke the news in Hamilton, Canada on Tuesday, May 27, 2025.
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